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  "documentTitle": "Heska Corporation (HSKA)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-10-25 00:00:00",
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  "notes": "Uses a red flag icon to highlight the negative trend.",
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      "text": "Parsing through Heska's revenue disclosure also shows that CVM revenue has declined the past two years, and the YoY decline is accelerating.",
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      "text": "The low quality of Heska's acquisitions suggests a reckless disregard for proper capital allocation or a blatant attempt to add revenue scale, even if it means adding questionable businesses.",
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      "text": "Source: Heska 2020 10-K",
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      "text": "CVM Revenue Analysis table showing 2018-2020 figures for Heska and CVM",
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      "text": "CVM Has Also Demonstrated Poor Revenue Trends",
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